Special effects maker VHQ Media plans Hong Kong IPO for China unit

People walk past seats at the Grand Theater at the Dalian Wanda Group Co. Oriental Movie Metropolis film production hub in Qingdao, China, on Tuesday, April 17, 2018. Wanda, a real-estate, retail and entertainment conglomerate, is opening its doors to an audacious 50 billion yuan ($7.9 billion) world-class film production hub, called the Oriental Movie Metropolis, or Dong Fang Ying Du. Photographer: Qilai Shen/Bloomberg Photo by Bloomberg

Movie and television post-production house VHQ Media Holdings Ltd plans to spin off its China operations and list the unit in Hong Kong to help fuel ambitious growth targets in the booming Chinese movie industry.

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